"Bank draft cannot get dishonoured." Justify for or against.

For the statement — A bank draft cannot get dishonoured.

Justification:

1. Amount taken in advance — When a person purchases a bank draft, he pays the full amount of the draft along with commission in advance to the bank. The bank receives the money before issuing the draft.

2. Bank itself is the drawer — A bank draft is drawn by the bank itself, not by a private individual whose account balance might be insufficient.

3. No question of insufficient funds — Since the bank already has the money in hand, the question of dishonour for insufficient funds does not arise.

In contrast, a cheque can be dishonoured if the drawer's account does not have sufficient funds.